04:09:09 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



Web3 Ventures Inc
Symbol WEBV
Shares Issued 122,920,145
Close 2023-11-27 C$ 0.16
Market Cap C$ 19,667,223
Recent Sedar Documents

Web3 Ventures begins trading on OTC Pink

2023-11-28 12:44 ET - News Release

Mr. David Nikzad reports

WEB3 VENTURES COMMENCES TRADING ON US OTC MARKET UNDER SYMBOL "WEBVF"

Web3 Ventures Inc.'s subordinate voting shares have qualified to trade on the OTC Pink market under the symbol WEBVF. In addition, the company has also received notice of DTC eligibility. The company's subordinate voting shares will continue to trade on the Canadian Securities Exchange under the symbol WEBV.

"Offering transparency and liquidity have always been two primary objectives for the company," said David Nikzad, chief executive officer and co-founder of Web3. "We now have the opportunity to offer U.S. investors the advantage to invest in various Web 3.0, DeFi, AI and blockchain initiatives by way of a publicly traded company in Web3."

Liquidity unlocked for U.S. investors

The OTC is a U.S. trading platform that is operated by the OTC Markets Group in New York, and is the premiere marketplace for early-stage and developing U.S. and international companies. The OTC quality standards provide a strong baseline of transparency, as well as the technology and regulation to improve the information and trading experience for investors.

The company also announces that its subordinate voting shares are DTC eligible under Cusip No. 948445200.

DTC is a subsidiary of the Depository Trust & Clearing Corp., a U.S. company that manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through DTC are considered to be DTC eligible.

This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors and brokers, enabling the stock to be traded over a much wider selection of brokerage firms by coming into compliance with their requirements.

About Web3 Ventures Inc.

Web3 Ventures is a diversified investment company focused on identifying, incubating, accelerating and developing world-class projects and applications for the decentralized Web. Focused on supporting founders and entrepreneurs, Web3 Ventures' core investment pillars are blockchain-based transparency, secured identity, verified communications and gamification, focusing on early-stage, small and medium enterprises in the burgeoning Web 3.0 sector.

We seek Safe Harbor.

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